Smitty’s Place recorded sales of $40,000 with a profit of $5,000. If the VR is .60, what is TFC?

. Smitty’s Place recorded sales of $40,000 with a profit of $5,000. If the VR is .60, what is TFC?

Select one:
a.$11,000
b.$24,000
c.$16,000
d.$35,000